Study on Amortization Time and Rationality in Real Estate Investment

被引：0

作者：

Li, Yancang ^{[1
]}

Zhou, Shujing ^{[1
]}

Suo, Juanjuan ^{[1
]}

机构：

[1] Hebei Univ Engn, Coll Civil Engn, Handan 056038, Peoples R China

来源：

E-BUSINESS TECHNOLOGY AND STRATEGY | 2010年 / 113卷

关键词：

Real Estate; Amortization Time; GBM; Optimal Stopping Time Theory; Option Pricing Theory; OPTIONS;

D O I：

暂无

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Amortization time and rationality has been discussed a lot in real estate investment research. As the price of real estate is driven by Geometric Brown Motion (GBM), whether the mortgagors should amortize in advance has become a key issue in amortization time research. This paper presents a new method to solve the problem by using the optimal stopping time theory and option pricing theory models. We discuss the option value in amortizing decision based on this model. A simulation method is used to test this method.

引用

页码：75 / 85

页数：11

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